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to touch it 10 Years EURUSD Trend , prepare for big move

FX:EURUSD   歐元 / 美元
Technically: EURUSD             has been returned to it 10 YEAR trend since 2018.
on weekly chart i expects 1.26 ~ 1.262 to the point on the trend line . Moreover, it is also Fibonacci expansion at the same points ( 1.26~1.262). now that we have two strong matching indicator of Trend line and Fibonacci, we might buy ( at weekly chart) or wait for daily and 4 H correction in order to buy.
MACD at weekly ad daily and even 4 H are still uptrend
RSI indicates for oversold EURUSD             at all long time frames .

Todays             weekly candle is very important. if EURUSD             closed below 1.2425 than it might be an indicator for a good correction next week.

in summary: Wait for correction and buy in order to close it at 1.26 or 1.2620.
if weekly candle closes below 1.2625 Sell and place a SL at 1.2630 and TP at 1.2335, TP2 at 1.2215

P.S EURUSD             might break up this 10 years trend, if that would be true, then the we might witnessing EURUSD             around 1.30s very soon this year.


Fundamentally,in 2017 i have read major banks expectation on EUR for years b2018, 2019, and 2020. mostly agreed that EURUSD             is to hit 1.25 in 2018 and some banks goes beyond. the majority of banks agreed that EUR to be 1.30s during 2019 and 2020. However. observer of the #ECB committee know that the ECB is not willing the EUR to be at these high levels and they willing the EUR to be below 1.20. on the other hand, if the EQ             which is still carrying out in the ECB will be eliminated at end of 2018 or expected to be eliminated, then we might see EURUSD             @ very high levels.
評論: great
評論: Rule # 1 in Forex: Long-term trading works well
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